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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
December 04, 2002 at 07:00 PM
NU Online News Service, Dec. 4, 9:18 a.m. – USAllianz Investor Services L.L.C., Minneapolis, has responded to the stock market slump by adding an income guarantee to its USAllianz Rewards variable annuity.
The feature assures contract purchasers that the value of the contract’s income and death benefit will be based on the greatest of the current contract value, a guaranteed 5% annual increase on purchase payments, or the highest contract anniversary value.
Contract holders who buy the guarantee option can withdraw income payments over a period as short as 10 years, USAllianz says.
USAllianz is a unit of Allianz Life Insurance Company of North America, which, in turn, is a unit of Allianz A.G., Munich.
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